Is two parts to that last night i focused on the major averages are not representative of the broader economy. Something held true today with the dow and s p losing 4. 4 and nasdaq sinking 5. 7 after the dollar skyrocketed something we warned about because the fed made it confusing how much they will keep helping the economy. The stronger dollar isnt great but the incredible v shape rally in the stock market doesnt jive with reality in a world where we still have double digit unemployment tonight, though, we need to talk about the other part of the sentence the stock market doesnt reflect Current Conditions emphasis on the word current why . The market is a forecast machine across the ball and supposed to be appearing six to nine months in the future. Maybe the economy is in rough shape. Let say they reflect next february so what are the odds the economy will be in much better condition by then because some people would say stocks are saying. Thats the key question. Tonight, i want to
February 4, 2020 at 1 00 p. M. At city hall, room 416. Item b, announcement of prohibition of cell phones during the meeting. Please be advise ed this is prohibited at this meeting. Please be advised the chair may order the removal from the meeting room for any persons responsible for the use of a cell phone, pager or other similar soundproducing device. Time allotment of public devices, theres up to three minutes on each item, unless they adopt a shorter addendum. If you wish to addressright thrs and there are no reportable actions and the next order of business is item 4, matters of unfinished business, no matters of unfinished business. Item 5, matters of new business consisting of consent and regular agenda. First the consent agenda, 5a, approval of minutes from regular meeting of november 19th and december 1 17, 2019 2019. Any speakerrer cards . No. Hearing and seeing none, i will close Public Comment and turn to my fellow commissioner for comments or motions. No comments. I move
Prohibition of cell phones during the meeting. Please be advise ed this is prohibited at this meeting. Please be advised the chair may order the removal from the meeting room for any persons responsible for the use of a cell phone, pager or other similar soundproducing device. Time allotment of public devices, theres up to three minutes on each item, unless they adopt a shorter addendum. If you wish to addressright thrs and there are no reportable actions and the next order of business is item 4, matters of unfinished business, no matters of unfinished business. Item 5, matters of new business consisting of consent and regular agenda. First the consent agenda, 5a, approval of minutes from regular meeting of november 19th and december 1 17, 2019 2019. Any speakerrer cards . No. Hearing and seeing none, i will close Public Comment and turn to my fellow commissioner for comments or motions. No comments. I move approval of the minutes for november 19th and december. I second that. So moved
Well reveal one of the best investment ideas the smart money is getting into. Halftime report starts right now. Welcome on jon, pete, and carey firestone the ceo of arias Asset Management we focus on the russell 2000, which has come alive, confirming to many that the reportsetting rally has room to go the russell outperforms the major averages for the last three months. Certainly since 2018, theres been a significant underperformance whats interesting about 2019 is both for passive and an active funds, youre seeing outflows in small caps a thats qu50i9 contrary the composition of small caps is the problem, so small caps are carrying in overweight to financials relative to large caps, then caring in underweight to technology and consumer discretionary, relative to large caps so the composition is the problem. I agree with the premise in 2020 it could be critical in driving the overall indices higher, and i think you want to have inclusion of small caps and increase your exposure to it y
40s and 50s and a couple of cool readings yesterday and we can see the cloud cover and rain in the Pacific Northwest. Look for 60s and a few 70s and 80s. Here is sal with an update. Thats right. We have a crash on a all liens closed. You can see they are nowhere finished. A big rig and a bus crash last night about 10 40 and the freeway has been shut down since they are taking all traffic off the freeway and putting them back on and if you drive north there will be a lot of slow traffic in your way, southbound traffic maybe affected as you drive south and you have two people have been killed in this crash. Two cars, a bus and a big rig was involved. Northbound traffic will be slow. Use mission boulevard and get on the freeway after all of this. This will be a big problem for the morning commute. We dont know when it will open, but its been up there since 10 40. Lets go back to the. Developing news on 80 and he works out. Two people are dead after the latenight crash between a bus, two c